Selecting the best mortgage plan for your needs in Kentucky is crucial, and Jared Clark at Better Mortgage is here to guide you through the process. With his expertise, Jared helps ensure you make an informed decision that aligns with your financial goals and homeownership dreams.

• Assessing Your Financial Health: Jared will first review your credit score, income, and debt-to-income ratio. These factors will determine which mortgage products are available to you and which interest rates you can qualify for. By understanding your financial profile, Jared can recommend the best mortgage options tailored to your needs.
• Defining Your Homeownership Goals: Whether you’re a first-time homebuyer, purchasing an investment property, or looking to refinance, Jared will work closely with you to identify your specific goals. He will guide you through choosing between a fixed-rate mortgage, which offers stability with predictable monthly payments, or an adjustable-rate mortgage (ARM) if you’re looking for lower initial payments.
• Exploring Loan Products: Better Mortgage offers a variety of loan options, including conventional loans, FHA loans, VA loans, and jumbo loans. Jared will walk you through each option, explaining how factors such as interest rates, loan terms, and down payments will affect your monthly payments and the overall cost of your mortgage.
• Evaluating Loan Terms: The loan term you choose—whether 15, 20, or 30 years—will significantly impact your monthly payments and total interest paid. Jared can help you determine whether a shorter-term loan with higher monthly payments but less interest is more suitable for you, or if a longer-term loan with lower payments is a better fit for your financial strategy.
• Considering Additional Costs: Beyond the mortgage itself, you’ll need to consider property taxes, homeowners insurance, and potentially private mortgage insurance (PMI) if your down payment is less than 20%. Jared will help you factor in these expenses to ensure you have a complete picture of the total cost of owning a home.

Working with Jared Clark at Better Mortgage gives you access to expert advice and personalized service to ensure you select the mortgage plan that best fits your needs. To get started, contact Jared at (704) 286-8947 and begin your journey toward homeownership in Kentucky.

Improving your credit score is one of the most important steps you can take before applying for a mortgage, as it directly impacts the interest rates and loan terms you qualify for. Jared Clark at Better Mortgage offers several strategies, supported by tools like Middle Credit Score®, to help you boost your credit score and secure better mortgage terms.

1. Review Your Credit Report
   Start by reviewing your credit reports from the three major credit bureaus—Equifax, Experian, and TransUnion. Jared can help you identify any errors or inaccuracies that may be lowering your score. Middle Credit Score® provides resources to assist in disputing these errors and improving your credit score.
2. Dispute Inaccuracies
   If you find mistakes in your credit report, such as outdated balances or incorrect personal information, it’s essential to dispute them right away. Middle Credit Score® offers tools to help you correct these errors with the credit bureaus, which can lead to a quick improvement in your credit score, making you a stronger candidate for a mortgage with Better Mortgage.
3. Reduce Your Credit Utilization
   Your credit utilization ratio, or the percentage of available credit you’re using, plays a big role in your credit score. Aim to keep your credit utilization below 30%. Jared will provide strategies for paying down high-interest debt, and Middle Credit Score® offers personalized tips on managing your credit effectively.
4. Avoid Opening New Credit Accounts
   In the months leading up to your mortgage application, avoid opening new lines of credit. New credit inquiries can temporarily lower your credit score and make you appear riskier to lenders. Jared will guide you on how to maintain a stable credit profile, ensuring you’re in the best position when applying for a mortgage.
5. Timely Payments
   Your payment history is the single most significant factor in your credit score. Late payments can negatively affect your score, so staying current on all your bills is critical. Middle Credit Score® can help you set up payment reminders or automatic payments to ensure you never miss a due date, strengthening your credit profile.
6. Address Negative Credit Items
   If your credit report contains negative items, such as late payments or collections, addressing them is crucial. Jared will help you negotiate with creditors to settle outstanding debts, and Middle Credit Score® offers resources to assist with removing or minimizing the impact of negative credit entries.

By following these steps and utilizing Middle Credit Score®, you can enhance your credit score and increase your chances of securing favorable mortgage terms. For personalized advice, contact Jared Clark at (704) 286-8947 to discuss strategies for improving your credit score before applying for a mortgage.

Yes, whether you’re looking to refinance your mortgage or purchase a home, Jared Clark at Better Mortgage is here to assist you with both options, offering personalized solutions that meet your financial needs and goals.

Home Purchase with Jared Clark at Better Mortgage

• Pre-Qualification and Pre-Approval: The first step in the homebuying process is getting pre-qualified or pre-approved for a mortgage. Pre-qualification provides a quick estimate of how much you can borrow, while pre-approval involves a more in-depth review of your finances, giving you a competitive edge when making offers. Jared will walk you through both processes, ensuring you’re prepared to move forward.
• Choosing the Right Loan Program: Better Mortgage offers a variety of loan programs, including conventional, FHA, VA, and jumbo loans. Jared will help you compare these options and choose the one that best fits your homeownership goals, financial situation, and future plans.
• Competitive Interest Rates: Jared is committed to securing the most competitive interest rates for his clients. He will monitor market trends to ensure you lock in the best rate when you’re ready to purchase, helping you save money over the life of the loan.
• Comprehensive Support: From the application process to closing, Jared will provide personalized guidance at every stage, making sure you feel confident and informed throughout your homebuying journey.

Refinancing with Jared Clark at Better Mortgage

• Lower Your Interest Rate: Refinancing allows you to take advantage of lower interest rates, potentially reducing your monthly payments and saving you money over time. Jared will evaluate your current mortgage to determine if refinancing is the best option for your financial goals.
• Cash-Out Refinancing: If you’ve built up equity in your home, cash-out refinancing lets you access that equity for major expenses, such as home renovations or debt consolidation. Jared will help you determine whether cash-out refinancing is the right choice for your situation.
• Shorten Your Loan Term: Refinancing to a shorter loan term, such as from 30 years to 15 years, can help you pay off your home faster and save on interest costs. Jared will help you weigh the benefits and determine if this option fits your long-term financial strategy.

To discuss your refinancing or home purchase options, contact Jared Clark at (704) 286-8947 today to explore your mortgage opportunities with Better Mortgage.

Starting your mortgage application with Jared Clark at Better Mortgage requires a variety of important documents to ensure a smooth process. Below is a list of documents you’ll need to prepare:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: You’ll need to provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Submit your most recent pay stubs, typically covering the last 30 days, to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have additional sources of income, you’ll need to provide federal tax returns for the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required.
  • Social Security Number: Your Social Security number will be used to pull your credit report and verify your identity.
• Credit History:
  • Credit Report: Jared will review your credit report to assess your mortgage eligibility.
  • Debt Information: Provide documentation of any outstanding debts, such as credit cards, student loans, or auto loans, so your debt-to-income ratio can be calculated.
• Proof of Assets:
  • Bank Statements: You’ll need to provide the most recent bank statements (usually from the last two months) to verify the funds available for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or other investment accounts, provide statements showing available balances.
• Proof of Employment:
  • Verification of Employment: In some cases, Jared may contact your employer to verify your employment status. If you’re self-employed, additional documents such as business licenses or profit and loss statements may be required.

Loan Program-Specific Documents

• Conventional Loans: These loans may require more extensive documentation of your income and assets.
• FHA Loans: FHA loans may require additional documentation to verify eligibility, especially if your credit score is lower.
• VA Loans: Veterans applying for VA loans will need to provide a Certificate of Eligibility (COE) and possibly military discharge papers.
• USDA Loans: USDA loans may require proof that the property is located in an eligible rural area.

By gathering these documents ahead of time, you’ll ensure a streamlined mortgage application process with Jared Clark at Better Mortgage. For more details or to begin your application, contact Jared at (704) 286-8947.